MIRA INFORM REPORT
|
Report Date : |
12.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROBERTO MORGANTI S.R.L. |
|
|
|
|
Registered Office : |
Via Del Molinuzzo, 8/C-8/D- 59100 – Prato
(PO) |
|
|
|
|
Country : |
Italy |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
16.10.1979 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesalers of raw and semi-finished textile fibres |
|
|
|
|
No of Employees : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Italy |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
ITALY - ECONOMIC OVERVIEW
Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, where unemployment is higher. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family-owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors. Italy is the third-largest economy in the euro-zone, but its exceptionally high public debt and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, topping 133% of GDP in 2013, but investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and widespread tax evasion. In 2013 economic growth and labor market conditions deteriorated, with growth at -1.8% and unemployment rising to 12.4%, with youth unemployment around 40%. Italy's GDP is now 8% below its 2007 pre-crisis level.
|
Source
: CIA |
COMPANY
NAME & ADDRESS
|
Roberto Morganti
S.r.l. |
|
Via |
Del Molinuzzo, |
8/C-8/D- |
|
59100 |
- Prato |
(PO) |
-IT- |
Summary
|
Fiscal Code |
: |
01686500487 |
|
Legal Form |
: |
Limited liability company |
|
start of Activities |
: |
16/10/1979 |
|
Equity |
: |
Over 2.582.254 |
|
Turnover Range |
: |
2.250.000/3.000.000 |
|
Number of Employees |
: |
from 1 to 5 |
Activity
Preparation and spinning of textile fibres
Weaving of textiles
Wholesale of raw and semi-finished textile fibres
Legal
Data
Legal Form : Limited liability company
|
Fiscal Code : 01686500487 |
|
Foreign Trade Reg. no. : PO010392 since
15/01/1992 |
|
Foreign Trade Reg. no. : 30945 of Firenze since
15/01/1992 |
|
Chamber of Commerce no. : 287180 of Prato
since 24/10/1979 |
|
V.A.T. Code : 00267460970 |
|
Foundation date |
: 16/10/1979 |
|
|
Establishment date |
: 16/10/1979 |
|
|
Start of Activities |
: 16/10/1979 |
|
|
Legal duration |
: 31/12/2020 |
|
|
Nominal Capital |
: 100.000 |
|
|
Subscribed Capital |
: 100.000 |
|
|
Paid up Capital |
: 100.000 |
Members
|
Morganti |
Roberto |
|
Born in Prato |
(FI) |
on 18/02/1949 |
- Fiscal Code : MRGRRT49B18G999H |
|
Residence: |
Montegrappa |
, 118 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Board Chairman |
29/05/2007 |
|
No Prejudicial
events are reported |
|
No Protests
registered |
|
Morganti |
Silvia |
|
Born in Prato |
(FI) |
on 27/09/1969 |
- Fiscal Code : MRGSLV69P67G999S |
|
Residence: |
Thomas Jefferson |
, 20 |
- 59016 |
Poggio a Caiano |
(PO) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Managing Director |
29/05/2007 |
|
No Prejudicial events
are reported |
|
No Protests
registered |
|
Morganti |
Margaux |
|
Born in Firenze |
(FI) |
on 07/01/1987 |
- Fiscal Code : MRGMGX87A47D612Q |
|
Residence: |
Montegrappa |
, 118 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Position |
Since |
Shares
Amount |
%
Ownership |
|
Director |
29/05/2007 |
Companies connected to members *
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have
holded positions.
|
Morganti |
Roberto |
|
Firm's
Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
Conser - Consorzio Servizi Del Primo
Macrolotto Industriale Di Prato Societa' Co |
Prato (PO) - IT - |
03267770489 |
Director |
Active |
Registered |
|
Morganti Guerrino S.n.c. Di Morganti
Roberto E Laura |
Prato (PO) - IT - |
01653540979 |
Partner |
Active |
Registered |
The indication "REGISTERED" as Firm Status could refer to
Firms in Liquidation, Active, Inactive, etc.
For more information, in this case, we advise to request further
investigations.
Capital
Shareholders
Shareholders' list as at date of data collection:
|
Firm's
Style / Name |
Seat
/ Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Morganti Roberto |
Prato - IT - |
MRGRRT49B18G999H |
80.000 .Eur |
80,00 |
|
Morganti Silvia |
Poggio a Caiano - IT - |
MRGSLV69P67G999S |
10.000 .Eur |
10,00 |
|
Morganti Margaux |
Prato - IT - |
MRGMGX87A47D612Q |
10.000 .Eur |
10,00 |
Direct
Participations
The Company under review has participations in the following Companies:
|
Firm's
Style |
Seat |
Fiscal Code |
Owned Shares Amount |
% Ownership |
since |
until |
Share Status |
|
Conser - Consorzio Servizi Del Primo Mac rolotto
Industriale Di Prato Societa' Co |
Prato - IT - |
03267770489 |
79 .Eur |
0,76 |
Active |
Firm's
location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and
operative seat |
since 20/11/1986 |
|
Del Molinuzzo |
, 8/C-8/D- |
- 50047 |
- Prato |
(PO) |
- IT - |
|
PHONE |
: 0574620522 |
|
Employees |
: 5 |
|
Fittings and Equipment for a value of
80.000 |
Eur |
|
Stocks for a value of 2.650.000 |
Eur |
|
Furniture and fittings for a value of
18.000 |
Eur |
|
Vehicles for a value of 100.000 |
Eur |
Historical
Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
Limited partnership |
Limited liability company |
05/11/1981 |
|
Limited liability company |
Joint stock company |
30/11/1981 |
EX-MEMBERS / EX-POSITIONS:
|
Morganti |
Roberto |
|
Born in Prato |
(FI) |
on 18/02/1949 |
- Fiscal Code : MRGRRT49B18G999H |
|
|
Residence: |
Montegrappa |
, 118 |
- 59100 |
Prato |
(PO) |
- IT - |
|
Ex-Postions |
|
Chairman and Managing Director |
|
Sole Director |
|
Malinconi
Elisabetta |
|
Born in Campi Bisenzio |
(FI) |
on 29/05/1949 |
- Fiscal Code : MLNLBT49E69B507I |
|
Ex-Postions |
|
Managing Director |
Protests
Protests checking on the subject firm has given a negative result.
Data
Base Prejudicial Events Search
Search performed on a National Scale
|
Prejudicial
Events Search Result: NEGATIVE |
Search performed on a specialized data base.
Legal
Procedures
None reported, standing to the latest received edition of the Official
Publications.
Financial
and Economical Analysis
Company's starting of activities dates back to 1979.
The economic-financial analysis has been made on the base of the b/s of
the latests three years.
Under the financial profile unstable results are noted. with a negative
economic result in the last financial year.
The operating result is negative.
The amount of the operating loss for 2012 is equal to Eur. -130.374.
At the end of the latest financial year, a negative gross operating
margin of Eur. -35.690 was registered.
Very good financial situation: shareholder's equity covers short-terms
debts with an indebtedness level equal to 0,97 which is yet rising if compared
to 2011.
The equity capital is equal to Eur. 2.979.525 , unchanged if compared to
2011.
In the year 2012 total debts amounted to Eur. 3.834.117 with a growth
equal to 23,37%.
Bank borrowings' volume is slightly high but it modestly dips into
suppliers credit, 73,79 gg. is the payments' average time which is also lower
than the sector average.
Payments are supported by good current assets.
Trade credits average terms are slow, on average 173,71 days. besides
being higher than the sector's average.
During financial year 2012 the cash flow amounted to Eur. 66.221
Subordinate employment cost is of Eur. 175.722, i.e. 5,98% on total
production costs. and a 6,29% incidence on sales volumes.
Financial charges have a high incidence (-1,99%) on turnover figures.
Financial
Data
|
Complete balance-sheet for the year |
31/12/2012 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.794.742 |
|
Profit (Loss) for the period |
-28.463 |
|
Complete balance-sheet for the year |
31/12/2011 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.686.562 |
|
Profit (Loss) for the period |
246.817 |
|
Complete balance-sheet for the year |
31/12/2010 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
3.191.512 |
|
Profit (Loss) for the period |
152.456 |
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
1.775.368 |
|
Profit (Loss) for the period |
-20.027 |
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1) |
|
Item Type |
Value |
|
Sales |
2.125.662 |
|
Profit (Loss) for the period |
-77.013 |
Balance
Sheets
From our constant monitoring of the relevant Public Administration offices,
no more recent balance sheets result to have been filed.
|
- Balance Sheet
as at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet
as at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1 |
|
- Balance Sheet as
at 31/12/2010 - 12 Mesi - Currency: - Amounts x 1 |
|
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|
MEMORANDUM
ACCOUNTS
|
Third party goods |
|||
|
Investment accounts |
|||
|
Risk accounts |
|||
|
Civil and fiscal norms relation |
PROFIT
AND LOSS ACCOUNTS
|
VALUE OF
PRODUCTION |
|||
|
. Revenues from sales and services |
2.794.742 |
2.686.562 |
3.191.512 |
|
. Changes in work in progress |
|||
|
. Changes in semi-manufact. products |
|||
|
. Capitalization of internal work |
|||
|
. Other income
and revenues |
13.657 |
146.834 |
147.966 |
|
. . Contributions for operating expenses |
1.200 |
||
|
. . Different income and revenues |
13.657 |
146.834 |
146.766 |
|
Total value of
production |
2.808.399 |
2.833.396 |
3.339.478 |
|
PRODUCTION COSTS
|
|||
|
. Raw material, other materials and
consum. |
2.093.905 |
1.996.942 |
1.598.099 |
|
. Services received |
542.072 |
508.177 |
561.325 |
|
. Leases and rentals |
9.075 |
19.396 |
|
|
. Payroll and
related costs |
175.722 |
178.625 |
168.584 |
|
. . Wages and salaries |
123.599 |
125.006 |
118.551 |
|
. . Social security contributions |
52.055 |
39.778 |
37.774 |
|
. . Employee termination indemnities |
68 |
13.841 |
12.259 |
|
. . Pension and similar |
|||
|
. . Other costs |
|||
|
. Amortization
and depreciation |
94.684 |
75.313 |
89.968 |
|
. . Amortization of intangible fixed
assets |
362 |
1.311 |
1.900 |
|
. . Amortization of tangible fixed assets |
90.328 |
67.168 |
80.118 |
|
. . Depreciation of tangible fixed assets |
|||
|
. . Writedown of current receiv. and of
liquid |
3.994 |
6.834 |
7.950 |
|
. Changes in raw
materials |
-232.097 |
-447.153 |
444.962 |
|
. Provisions to
risk reserves |
|||
|
. Other
provisions |
|||
|
. Other
operating costs |
264.487 |
41.615 |
96.033 |
|
Total production
costs |
2.938.773 |
2.362.594 |
2.978.367 |
|
Diff. between
value and cost of product. |
-130.374 |
470.802 |
361.111 |
|
FINANCIAL INCOME
AND EXPENSE |
|||
|
. Income from
equity investments |
|||
|
. . In subsidiary companies |
|||
|
. . In associated companies |
|||
|
. . In other companies |
|||
|
. Other
financial income |
13.367 |
14.147 |
3.131 |
|
. . Financ.
income from receivables |
|||
|
. . . Towards subsidiary companies |
|||
|
. . . Towards associated companies |
|||
|
. . . Towards holding companies |
|||
|
. . . Towards other companies |
|||
|
. . Financ.income
from secur. t.f.assets |
|||
|
. .
Financ.income from secur. cur.assets |
|||
|
. .
Financ.income other than the above |
|||
|
. . . - Subsidiary companies |
|||
|
. . . - Associated companies |
|||
|
. . . - Holding companies |
|||
|
. . . - Other companies |
|||
|
. Interest and
other financial expense |
-69.056 |
-97.569 |
-118.087 |
|
. . Towards subsidiary companies |
|||
|
. . Towards associated companies |
|||
|
. . Towards holding companies |
|||
|
. . Towards other companies |
|||
|
Total financial
income and expense |
-55.689 |
-83.422 |
-114.956 |
|
ADJUSTMENTS TO
FINANCIAL ASSETS |
|||
|
. Revaluations |
|||
|
. . Of equity investments |
|||
|
. . Of financ.fixed assets not repres.E.I.
|
|||
|
. . Of securities incl.among current
assets |
|||
|
. Devaluation |
|||
|
. . Of equity investments |
|||
|
. . Of financial fixed assets (no equity
inv) |
|||
|
. . Of securities included among current
ass |
|||
|
Total adjustments
to financial assets |
|||
|
EXTRAORDINARY
INCOME AND EXPENSE |
|||
|
. Extraordinary
income |
173.618 |
15.141 |
1.436 |
|
. . Gains on disposals |
12.002 |
||
|
. . Other extraordinary income |
161.616 |
15.141 |
1.436 |
|
. Extraordinary
expense |
-657 |
-15.942 |
-2 |
|
. . Losses on disposals |
|||
|
. . Taxes relating to prior years |
-656 |
-15.942 |
|
|
. . Other extraordinary expense |
-1 |
-2 |
|
|
Total
extraordinary income and expense |
172.961 |
-801 |
1.434 |
|
Results before
income taxes |
-13.102 |
386.579 |
247.589 |
|
. Taxes on
current income |
15.361 |
139.762 |
95.133 |
|
. . current taxes |
33.346 |
147.064 |
91.935 |
|
. . differed taxes(anticip.) |
-17.985 |
-7.302 |
3.198 |
|
. Net income for the period |
-28.463 |
246.817 |
152.456 |
|
. Adjustments in tax regulations pursuance
|
|||
|
. Provisions in tax regulations pursuance |
|||
|
. Profit (loss)
of the year |
-28.463 |
246.817 |
152.456 |
RATIOS
|
RATIOS |
Value
Type |
as at 31/12/2012 |
as at 31/12/2011 |
as at 31/12/2010 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|||||
|
Rigidity Ratio |
Units |
0,46 |
0,41 |
0,44 |
0,22 |
|
Elasticity Ratio |
Units |
0,54 |
0,59 |
0,56 |
0,75 |
|
Availability of stock |
Units |
0,34 |
0,34 |
0,30 |
0,23 |
|
Total Liquidity Ratio |
Units |
0,20 |
0,25 |
0,26 |
0,45 |
|
Quick Ratio |
Units |
0,01 |
0,12 |
0,13 |
0,02 |
|
COMPOSITION ON
SOURCE |
|||||
|
Net Short-term indebtedness |
Units |
0,97 |
0,58 |
0,37 |
1,65 |
|
Self Financing Ratio |
Units |
0,38 |
0,42 |
0,41 |
0,30 |
|
Capital protection Ratio |
Units |
0,98 |
0,88 |
0,91 |
0,79 |
|
Liabilities consolidation quotient |
Units |
0,33 |
0,26 |
0,60 |
0,20 |
|
Financing |
Units |
1,29 |
1,03 |
1,04 |
2,05 |
|
Permanent Indebtedness Ratio |
Units |
0,51 |
0,52 |
0,58 |
0,45 |
|
M/L term Debts Ratio |
Units |
0,13 |
0,09 |
0,17 |
0,11 |
|
Net Financial Indebtedness Ratio |
Units |
1,04 |
0,51 |
0,39 |
0,57 |
|
CORRELATION |
|||||
|
Fixed assets ratio |
Units |
1,10 |
1,26 |
1,33 |
1,60 |
|
Current ratio |
Units |
1,40 |
1,62 |
1,97 |
1,27 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
0,52 |
0,69 |
0,93 |
0,84 |
|
Structure's primary quotient |
Units |
0,83 |
1,03 |
0,94 |
1,11 |
|
Treasury's primary quotient |
Units |
0,03 |
0,32 |
0,46 |
0,04 |
|
Rate of indebtedness ( Leverage ) |
% |
262,04 |
237,00 |
241,51 |
327,18 |
|
Current Capital ( net ) |
Value |
1.200.608 |
1.608.330 |
1.830.050 |
870.113 |
|
RETURN |
|||||
|
Return on Sales |
% |
2,37 |
11,99 |
7,60 |
1,60 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
-0,96 |
8,21 |
5,52 |
0,47 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
-0,44 |
12,85 |
8,97 |
2,85 |
|
Return on Investment ( R.O.I. ) |
% |
-1,67 |
6,60 |
5,42 |
2,55 |
|
Return/ Sales |
% |
-4,66 |
17,52 |
11,31 |
2,66 |
|
Extra Management revenues/charges incid. |
% |
n.c. |
52,42 |
42,22 |
14,76 |
|
Cash Flow |
Value |
66.221 |
322.130 |
242.424 |
47.325 |
|
Operating Profit |
Value |
-130.374 |
470.802 |
361.111 |
69.715 |
|
Gross Operating Margin |
Value |
-35.690 |
546.115 |
451.079 |
147.816 |
|
MANAGEMENT |
|||||
|
Credits to clients average term |
Days |
173,71 |
116,10 |
n.c. |
114,56 |
|
Debts to suppliers average term |
Days |
73,79 |
66,57 |
117,41 |
113,59 |
|
Average stock waiting period |
Days |
340,99 |
323,62 |
221,98 |
93,83 |
|
Rate of capital employed return ( Turnover
) |
Units |
0,36 |
0,38 |
0,48 |
0,96 |
|
Rate of stock return |
Units |
1,06 |
1,11 |
1,62 |
3,84 |
|
Labour cost incidence |
% |
6,29 |
6,65 |
5,28 |
15,62 |
|
Net financial revenues/ charges incidence |
% |
-1,99 |
-3,11 |
-3,60 |
-1,87 |
|
Labour cost on purchasing expenses |
% |
5,98 |
7,56 |
5,66 |
14,72 |
|
Short-term financing charges |
% |
1,80 |
3,14 |
4,10 |
3,34 |
|
Capital on hand |
% |
279,37 |
265,36 |
208,94 |
104,51 |
|
Sales pro employee |
Value |
558.948 |
537.312 |
565.870 |
218.478 |
|
Labour cost pro employee |
Value |
35.144 |
35.725 |
29.890 |
32.758 |
Remarks
1) Protests checking (relative to the last five years) performed by crossing
and matching the members names and the Firm's Style with the reported
addresses, is supplied by the Informatic Registry managed by the Italian
Chamber of Commerce. If the fiscal code is not indicated, the eventual
homonymous cases are submitted to expert staff evaluation in order to limit
wrong matching risks.
2) The Legal Data, supplied and retrived from the Firm's Registry of the
Italian Chamber of Commerce, are in line with the last registered
modifications.
3) Risk evaluation and Credit Opinion have been performed on the base of
the actual data at the moment of their availability.
Market
/ Territory Data
|
Population living in the province |
: |
|
|
Population living in the region |
: |
|
|
Number of families in the region |
: |
|
238.826Monthly family expences average in the region (in Eur..) :
|
- per food products |
: |
|
|
- per non food products |
: |
|
|
- per energy consume |
: |
|
Sector
Data
The values are calculated on a base of 634 significant companies.
The companies cash their credits on an average of 115 dd.
The average duration of suppliers debts is about 114 dd.
The sector's profitability is on an average of 1,60%.
The labour cost affects the turnover in the measure of 15,62%.
Goods are held in stock in a range of 94 dd.
The difference between the sales volume and the resources used to
realize it is about 0,96.
The employees costs represent the 14,72% of the production costs.
Statistical
Detrimental Data
Statistically the trade activity passes through serious crises.
The area is statistically considered moderately risky.
In the region 24.960 protested subjects are found; in the province they
count to 2.055.
The insolvency index for the region is 0,70, , while for the province it
is 0,88.
Total Bankrupt companies in the province : 3.109.
Total Bankrupt companies in the region : 20.423.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.26 |
|
|
1 |
Rs. 101.09 |
|
Euro |
1 |
Rs. 83.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
SMT |
|
|
|
|
Report Prepared
by : |
DPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.